which-of-the-following-is-true-about-issuing-shares-under-gaap-and-ifrs

Question

Which of the following is true about issuing shares under GAAP and IFRS?

Accepted Answer

Both GAAP and IFRS use similar journal entries for issuing shares.

Answer

GAAP requires more detailed disclosures than IFRS when issuing shares.

Answer

GAAP does not allow for issuing shares at a discount.

Answer

IFRS requires a different valuation method for shares than GAAP.